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To: goldsnow who wrote (59541)10/8/2000 12:10:12 PM
From: Rarebird  Read Replies (1) | Respond to of 116856
 
<I said bullish for a rally and it is...>

Is it? When? From what level? To where? Surely, one is due. It has been over a year since I've seen one.

<You could have make lot of money by trading XAU..this time will be no different...>

I bought NEM at $16.75 and HGMCY at $3.75 in the summer of 99 and made out quite well. I wouldn't touch them yet.

<It is not even hard>

Actually, it's been easy if you've been short since then. <ggg>



To: goldsnow who wrote (59541)10/9/2000 12:09:50 AM
From: Alex  Read Replies (2) | Respond to of 116856
 
Milosevic accused of stealing gold reserves

By DAVID BAMBER, CHARLOTTE EDWARDES and DANIEL FOGGO
LONDON
Monday 9 October 2000


Slobodan Milosevic has been accused of attempting to smuggle Yugoslavia's entire gold reserves out of the country.

Mladen Dinkic, who is expected to be the next governor of the Yugoslav Central Bank, said that Mr Milosevic already may have shipped an unspecified amount of the country's reserves to China.

One consignment is thought to have been hidden on board a scheduled Yugoslav Airlines DC-10, which left Belgrade for Beijing on Friday.

Mr Dinkic said yesterday: "They searched the plane for explosives but not for gold. They made no mention of the container, the thing we specifically asked to be investigated."

Opposition supporters working at the National Bank of Yugoslavia crashed the bank's central computer on Friday to halt what Mr Dinkic said was an attempt by Mr Milosevic's clique to spirit foreign currency reserves to foreign bank accounts.

The former president is estimated to have stolen up to $900million from the state in the past 13 years.

The dinar, the Yugoslav currency, has fluctuated wildly in the past few weeks, suggesting that Mr Milosevic has removed currency and issued unbacked loans.

With his wife, Mira Markovic, the former president has plundered state industries and built impressive residences.

His criminal circle, which included most of his family, are thought to have had a stranglehold on a range of profitable ventures including the importation of oil, cigarettes and alcohol. His son, Marko, controls the franchise for the country's tobacco distribution.

Dobrivoje Radovanovic, director of Belgrade's Institute for Criminology and Social Research, said: "There's hardly a profitable business that isn't controlled by crime."

With the merging of Mr Milosevic's criminal and political empires it has become increasingly difficult to distinguish the motives for some of his crimes.

Vladimir Vukokavljevic, principal bodyguard for the opposition Democratic Party, said: "The murder last year of Arkan, the former Serbian warlord, showed to the world that no one was safe."

Since then eight other leading figures including Pavel Bulatovic, the former federal defence minister, and Zika Petrovic, director of the Yugoslav state airline, have been gunned down on Mr Milosevic's orders.

Last year it was reported that the former president was making frantic efforts to put cash in tax havens including Liechtenstein, after NATO tried to freeze his international accounts. He was said to have reserves stashed in Cyprus, Russia, Switzerland and Greece.

Longstanding sympathies between his regime and Greece have led many to believe that the former Serbian president could be preparing to flee there.

He has spent years laying down roots there and built up an empire with many assets listed under the names of close friends to insulate them from potential seizure.

The jewel in the crown of his Greek properties is a six-bedroom villa in the affluent Athens suburb of Vouliagmeni, 35 kilometres south of the city centre.

The villa, worth about $8million, was bought after the family bought a penthouse apartment in the same area. That property, worth more than $2.7million, is registered in the name of Dejan Kovesevic, a member of Mr Milosevic's government.

Despite its membership of NATO, Greece made no secret of its divided loyalties over the Kosovo war. Greeks predominantly aligned themselves with Yugoslavia's Serbian populace, their shared bond being a mutual hostility to Albania.

Observers indicate that Mr Milosevic also has properties in the Greek city of Thessaloniki and on the islands of Crete and Corfu. What is certain is that his allies there are many and it is to them that he will turn to protect his personal interests.

- TELEGRAPH

theage.com.au



To: goldsnow who wrote (59541)10/9/2000 11:06:29 AM
From: Tom Smith  Read Replies (2) | Respond to of 116856
 
news.ft.com